Jobs Friday. Tax data said for July said yooge upside surprise. The as/of date is July 12. Meanwhile- This is a 45 minute bar chart. At 3:30 AM it’s saying we’re either at the bottom of this pullback, or half way down. 3335 is key hourly resistance trend.
Lee’s Free Thinking
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Lee's Free Thinking
Line Dancing is All the Rage 8/6/20
by Lee Adler • • 0 Comments
This is ridiculous. Absurd even.
Lee's Free Thinking
This Charts Says Gold $4000 in DECEMBER!
by Lee Adler • • 0 Comments
This chart says the price of gold will double in 4 months. Is now a good time to get aboard?
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Gold is OVERBOUGHT!
by Lee Adler • • 0 Comments
Interesting that you say gold is overbought. It’s just now reaching intermediate price projections after it recently broke out of a multi-year high, with a conventional measured move objective that’s significantly higher. Short term projection was 2125. I wouldn’t sell it at least until it breaks a trendline.
This really is just the mirror image of the ongoing collapse in the dollar. Here’s where it’s headed.
Lee's Free Thinking
There’s No Mystery 8/5/20
by Lee Adler • • 0 Comments
Nobody knows what the Fed will do over 5 months. The Fed itself doesn’t know. Nor does the Treasury know how much it will need to borrow that far in advance. The TBAC is pretty good for the current quarter after they’ve had a look at the first 6 weeks, but their estimates for the next quarter are usually way off. Like most econ forecasters they suck at it. But there’s no mystery what the Fed will do…
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Destination 3320 Or Beat the Meat 8/4/20
by Lee Adler • • 0 Comments
That’s the latest 5 day cycle projection. But there’s a little matter of round number resistance to be handled.
Also, hourly indicators are on the sell side with a negative divergence since yesterday. If we get an hourly close below 3282, I might …
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Poised for Liftoff, Or Not 8/3/20
by Lee Adler • • 0 Comments
The hourly chart looks like a slinky climbing stairs. The next move will be up.
No.
Wait.
Down.
Or.
Oh, never mind.
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Amazing Afterbirth 7/31/20
by Stool Pigeons Wire at Capitalstool.com • • 0 Comments
Was it good for you?
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The Things We Write for Love
by Lee Adler • • 0 Comments
Well the news is out. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader…
Lee's Free Thinking
Home Home on the Range 7/30/20
by Lee Adler • • 0 Comments
More of the same, and the skies are not cloudy all day.
